3Novices:China’s airlines held back by declining yields despite dominant positions

The average passenger yields of Chinese airlines are declining, according to Fitch Ratings, because of fierce competition and a high concentration of carriers on popular routes.
Passenger yield, the money earned from flying a passenger for one kilometre, is a key measure of profitability.
Yields on domestic routes fell by an average of 12 per cent among China’s six biggest airlines between 2014 and 2016, while yields on international routes took even more of a hit, dropping by an average…
June 13, 2017 at 05:02AM http://ift.tt/2sm0Lde
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